Premier Li Keqiang told global business leaders on Sept 9 that the Chinese economy is still running within a proper range.

The economy is stabilizing despite a slower growth pace, Li said at Summer Davos held in Northeast China’s port city Dalian.

“On the one hand it is turning for the better while stabilizing; on the other hand difficulties remain,” Li said.

As China is promoting the structural reform, the change of growth engines can lead some economic indicators to fluctuate, which is inevitable, he said.

China will keep deepening economic reform and promoting structural adjustment, Li said.

“We will not be swayed by short-term fluctuations of economic indicators,” Li said. “We will not take them lightly either. We will timely fine-tune policy measures,” Li said.

The Chinese government is capable of maintaining the economic growth at a medium-to-high level, Li said.